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3 Putnam Mutual Funds You Must Grab Today

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Since the launch of its first fund in 1937, Putnam Investments has come a long way. It is now one of the most-renowned financial investment companies in the world. Putnam had assets worth $199 billion under its management as of Jun 30, 2021, of which mutual fund assets comprised $98 billion. The fund family allocated its assets to more than 100 mutual funds, including equity and fixed income funds.

The company has more than 170 investment professionals and provides a wide range of financial services, including 60 institutional strategies. It now has presence in North America, Europe and Asia, with offices in London, Boston, Tokyo, Frankfurt, Singapore and Sydney.

Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Putnam Income Fund Class A (PINCX - Free Report) seeks high current income consistent with prudent risk. The fund invests the majority of its assets in bonds and other obligations of companies and governments globally, denominated in U.S. dollars, that are either investment-grade or below investment-grade and have intermediate- to long-term maturities. PINCX sports a Zacks Rank #1 and has three-year annualized returns of 5.5%.

PINCX has an expense ratio of 0.73% compared with the category average of 0.75%.

Putnam Global Technology Fund Class A (PGTAX - Free Report) aims for capital appreciation. This non-diversified fund invests primarily in common stocks of large and mid-size companies worldwide. It invests the majority of its assets in securities of companies in the technology industries. PGTAX carries a Zacks Mutual Fund Rank #1 and has returned nearly 31.3% in the past three years.

Di Yao is one of the fund managers of PGTAX since 2012.

Putnam Emerging Markets Equity Fund Class Y (PEMYX - Free Report) aims for long-term capital appreciation. The fund invests the majority of its assets in common stocks of emerging market companies that the fund manager believes have favorable investment potential. PEMYX sports a Zacks Mutual Fund Rank #2 and has three-year annualized returns of 15.8%.

As of June 2021, PEMYX held 50 issues with 8.4% of its assets invested in Taiwan Semiconductor Manufacturing Co Ltd.

To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of funds.

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